UPDATE 1-Dominion’s Virginia arm sees spending $7.6 bln in 5 yrs

* Says to spend on infrastructure upgrades, new plants

* To spend extra $2 bln on cleaning fossil fuel plants

Dec 29 (BestGrowthStock) – Major power producer Dominion’s (D.N: )
Virginia unit forecast to spend $7.6 billion till 2015 in the
state on new generation, transmission and other facilities.

In January, Dominion Virginia Power had said it would
invest about $4 billion from 2010 to 2012.

As growth continues past 2015, the company will need enough
additional energy to power the equivalent of 1.4 million new
homes by 2020, Dominion Virginia Chief Executive Paul Koonce
said.

The company also added that it will continue its plan to
spend more than $2 billion to improve environmental performance
of its fossil-fueled power stations and that additional
investment may be necessary to meet pending federal
regulations.

Shares of Dominion were almost flat at $42.95 in
late-morning trade on Wednesday on the New York Stock Exchange.

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(Reporting by Arup Roychoudhury in Bangalore; Editing by Maju
Samuel)

UPDATE 1-Dominion’s Virginia arm sees spending $7.6 bln in 5 yrs